See the explanation below to work the problem.

XYZ Company, a 'for$-$profit' business, had revenues of $$12$ million in $2022.$ Expenses

other than depreciation totaled $75$ percent of revenues, and depreciation expense

was $$1\mathrm{.}5$ million. XYZ Company, must pay taxes at a rate of $40$ percent of pretax

$($operating$)$ income. All revenues were collected in cash during the year, and all

expenses other than depreciation were paid in cash.

What was XYZ$\text{'}$s profit margin?

Select one or more:

a$.2\mathrm{.}3\%$

b$.0\%$

C$.7\mathrm{.}5\%$

d$.5\mathrm{.}7\%$